Lapham was staring at a paper which he held in his hand. "I had a builder"s risk on it, but it expired last week. It"s a dead loss."
"Oh, thank the merciful Lord!" cried his wife.
"Merciful!" said Lapham. "Well, it"s a queer way of showing it."
He went to bed, and fell into the deep sleep which sometimes follows a great moral shock. It was perhaps rather a torpor than a sleep.
XXV.
LAPHAM awoke confused, and in a kind of remoteness from the loss of the night before, through which it loomed mistily. But before he lifted his head from the pillow, it gathered substance and weight against which it needed all his will to bear up and live. In that moment he wished that he had not wakened, that he might never have wakened; but he rose, and faced the day and its cares.
The morning papers brought the report of the fire, and the conjectured loss. The reporters somehow had found out the fact that the loss fell entirely upon Lapham; they lighted up the hackneyed character of their statements with the picturesque interest OF the coincidence that the policy had expired only the week before; heaven knows how they knew it.
They said that nothing remained of the building but the walls; and Lapham, on his way to business, walked up past the smoke-stained sh.e.l.l.
The windows looked like the eye-sockets of a skull down upon the blackened and trampled snow of the street; the pavement was a sheet of ice, and the water from the engines had frozen, like streams of tears, down the face of the house, and hung in icy tags from the window-sills and copings.
He gathered himself up as well as he could, and went on to his office.
The chance of retrieval that had flashed upon him, as he sat smoking by that ruined hearth the evening before, stood him in such stead now as a sole hope may; and he said to himself that, having resolved not to sell his house, he was no more crippled by its loss than he would have been by letting his money lie idle in it; what he might have raised by mortgage on it could be made up in some other way; and if they would sell he could still buy out the whole business of that West Virginia company, mines, plant, stock on hand, good-will, and everything, and unite it with his own. He went early in the afternoon to see Bellingham, whose expressions of condolence for his loss he cut short with as much politeness as he knew how to throw into his impatience.
Bellingham seemed at first a little dazzled with the splendid courage of his scheme; it was certainly fine in its way; but then he began to have his misgivings.
"I happen to know that they haven"t got much money behind them," urged Lapham. "They"ll jump at an offer."
Bellingham shook his head. "If they can show profit on the old manufacture, and prove they can make their paint still cheaper and better hereafter, they can have all the money they want. And it will be very difficult for you to raise it if you"re threatened by them.
With that compet.i.tion, you know what your plant at Lapham would be worth, and what the shrinkage on your manufactured stock would be.
Better sell out to them," he concluded, "if they will buy."
"There ain"t money enough in this country to buy out my paint," said Lapham, b.u.t.toning up his coat in a quiver of resentment. "Good afternoon, sir." Men are but grown-up boys after all. Bellingham watched this perversely proud and obstinate child fling petulantly out of his door, and felt a sympathy for him which was as truly kind as it was helpless.
But Lapham was beginning to see through Bellingham, as he believed.
Bellingham was, in his way, part of that conspiracy by which Lapham"s creditors were trying to drive him to the wall. More than ever now he was glad that he had nothing to do with that cold-hearted, self-conceited race, and that the favours so far were all from his side. He was more than ever determined to show them, every one of them, high and low, that he and his children could get along without them, and prosper and triumph without them. He said to himself that if Penelope were engaged to Corey that very minute, he would make her break with him.
He knew what he should do now, and he was going to do it without loss of time. He was going on to New York to see those West Virginia people; they had their princ.i.p.al office there, and he intended to get at their ideas, and then he intended to make them an offer. He managed this business better than could possibly have been expected of a man in his impa.s.sioned mood. But when it came really to business, his practical instincts, alert and wary, came to his aid against the pa.s.sions that lay in wait to betray after they ceased to dominate him.
He found the West Virginians full of zeal and hope, but in ten minutes he knew that they had not yet tested their strength in the money market, and had not ascertained how much or how little capital they could command. Lapham himself, if he had had so much, would not have hesitated to put a million dollars into their business. He saw, as they did not see, that they had the game in their own hands, and that if they could raise the money to extend their business, they could ruin him. It was only a question of time, and he was on the ground first.
He frankly proposed a union of their interests. He admitted that they had a good thing, and that he should have to fight them hard; but he meant to fight them to the death unless they could come to some sort of terms. Now, the question was whether they had better go on and make a heavy loss for both sides by compet.i.tion, or whether they had better form a partnership to run both paints and command the whole market.
Lapham made them three propositions, each of which was fair and open: to sell out to them altogether; to buy them out altogether; to join facilities and forces with them, and go on in an invulnerable alliance.
Let them name a figure at which they would buy, a figure at which they would sell, a figure at which they would combine,--or, in other words, the amount of capital they needed.
They talked all day, going out to lunch together at the Astor House, and sitting with their knees against the counter on a row of stools before it for fifteen minutes of reflection and deglut.i.tion, with their hats on, and then returning to the bas.e.m.e.nt from which they emerged.
The West Virginia company"s name was lettered in gilt on the wide low window, and its paint, in the form of ore, burnt, and mixed, formed a display on the window shelf Lapham examined it and praised it; from time to time they all recurred to it together; they sent out for some of Lapham"s paint and compared it, the West Virginians admitting its former superiority. They were young fellows, and country persons, like Lapham, by origin, and they looked out with the same amused, undaunted provincial eyes at the myriad metropolitan legs pa.s.sing on the pavement above the level of their window. He got on well with them. At last, they said what they would do. They said it was nonsense to talk of buying Lapham out, for they had not the money; and as for selling out, they would not do it, for they knew they had a big thing. But they would as soon use his capital to develop it as anybody else"s, and if he could put in a certain sum for this purpose, they would go in with him. He should run the works at Lapham and manage the business in Boston, and they would run the works at Kanawha Falls and manage the business in New York. The two brothers with whom Lapham talked named their figure, subject to the approval of another brother at Kanawha Falls, to whom they would write, and who would telegraph his answer, so that Lapham could have it inside of three days. But they felt perfectly sure that he would approve; and Lapham started back on the eleven o"clock train with an elation that gradually left him as he drew near Boston, where the difficulties of raising this sum were to be over come. It seemed to him, then, that those fellows had put it up on him pretty steep, but he owned to himself that they had a sure thing, and that they were right in believing they could raise the same sum elsewhere; it would take all OF it, he admitted, to make their paint pay on the scale they had the right to expect. At their age, he would not have done differently; but when he emerged, old, sore, and sleep-broken, from the sleeping-car in the Albany depot at Boston, he wished with a pathetic self-pity that they knew how a man felt at his age. A year ago, six months ago, he would have laughed at the notion that it would be hard to raise the money. But he thought ruefully of that immense stock of paint on hand, which was now a drug in the market, of his losses by Rogers and by the failures of other men, of the fire that had licked up so many thousands in a few hours; he thought with bitterness of the tens of thousands that he had gambled away in stocks, and of the commissions that the brokers had pocketed whether he won or lost; and he could not think of any securities on which he could borrow, except his house in Nankeen Square, or the mine and works at Lapham. He set his teeth in helpless rage when he thought of that property out on the G. L. & P., that ought to be worth so much, and was worth so little if the Road chose to say so.
He did not go home, but spent most of the day shining round, as he would have expressed it, and trying to see if he could raise the money.
But he found that people of whom he hoped to get it were in the conspiracy which had been formed to drive him to the wall. Somehow, there seemed a sense of his embarra.s.sments abroad. n.o.body wanted to lend money on the plant at Lapham without taking time to look into the state of the business; but Lapham had no time to give, and he knew that the state of the business would not bear looking into. He could raise fifteen thousand on his Nankeen Square house, and another fifteen on his Beacon Street lot, and this was all that a man who was worth a million by rights could do! He said a million, and he said it in defiance of Bellingham, who had subjected his figures to an a.n.a.lysis which wounded Lapham more than he chose to show at the time, for it proved that he was not so rich and not so wise as he had seemed. His hurt vanity forbade him to go to Bellingham now for help or advice; and if he could have brought himself to ask his brothers for money, it would have been useless; they were simply well-to-do Western people, but not capitalists on the scale he required.
Lapham stood in the isolation to which adversity so often seems to bring men. When its test was applied, practically or theoretically, to all those who had seemed his friends, there was none who bore it; and he thought with bitter self-contempt of the people whom he had befriended in their time of need. He said to himself that he had been a fool for that; and he scorned himself for certain acts of scrupulosity by which he had lost money in the past. Seeing the moral forces all arrayed against him, Lapham said that he would like to have the chance offered him to get even with them again; he thought he should know how to look out for himself. As he understood it, he had several days to turn about in, and he did not let one day"s failure dishearten him. The morning after his return he had, in fact, a gleam of luck that gave him the greatest encouragement for the moment. A man came in to inquire about one of Rogers"s wild-cat patents, as Lapham called them, and ended by buying it. He got it, of course, for less than Lapham took it for, but Lapham was glad to be rid of it for something, when he had thought it worth nothing; and when the transaction was closed, he asked the purchaser rather eagerly if he knew where Rogers was; it was Lapham"s secret belief that Rogers had found there was money in the thing, and had sent the man to buy it.
But it appeared that this was a mistake; the man had not come from Rogers, but had heard of the patent in another way; and Lapham was astonished in the afternoon, when his boy came to tell him that Rogers was in the outer office, and wished to speak with him.
"All right," said Lapham, and he could not command at once the severity for the reception of Rogers which he would have liked to use. He found himself, in fact, so much relaxed towards him by the morning"s touch of prosperity that he asked him to sit down, gruffly, of course, but distinctly; and when Rogers said in his lifeless way, and with the effect of keeping his appointment of a month before, "Those English parties are in town, and would like to talk with you in reference to the mills," Lapham did not turn him out-of-doors.
He sat looking at him, and trying to make out what Rogers was after; for he did not believe that the English parties, if they existed, had any notion of buying his mills.
"What if they are not for sale?" he asked. "You know that I"ve been expecting an offer from the G. L. & P."
"I"ve kept watch of that. They haven"t made you any offer," said Rogers quietly.
"And did you think," demanded Lapham, firing up, "that I would turn them in on somebody else as you turned them in on me, when the chances are that they won"t be worth ten cents on the dollar six months from now?"
"I didn"t know what you would do," said Rogers non-committally. "I"ve come here to tell you that these parties stand ready to take the mills off your hands at a fair valuation--at the value I put upon them when I turned them in."
"I don"t believe you!" cried Lapham brutally, but a wild predatory hope made his heart leap so that it seemed to turn over in his breast. "I don"t believe there are any such parties to begin with; and in the next place, I don"t believe they would buy at any such figure; unless--unless you"ve lied to them, as you"ve lied to me. Did you tell them about the G. L. & P.?"
Rogers looked compa.s.sionately at him, but he answered, with unvaried dryness, "I did not think that necessary."
Lapham had expected this answer, and he had expected or intended to break out in furious denunciation of Rogers when he got it; but he only found himself saying, in a sort of baffled gasp, "I wonder what your game is!"
Rogers did not reply categorically, but he answered, with his impartial calm, and as if Lapham had said nothing to indicate that he differed at all with him as to disposing of the property in the way he had suggested: "If we should succeed in selling, I should be able to repay you your loans, and should have a little capital for a scheme that I think of going into."
"And do you think that I am going to steal these men"s money to help you plunder somebody in a new scheme?" answered Lapham. The sneer was on behalf of virtue, but it was still a sneer.
"I suppose the money would be useful to you too, just now."
"Why?"
"Because I know that you have been trying to borrow."
At this proof of wicked omniscience in Rogers, the question whether he had better not regard the affair as a fatality, and yield to his destiny, flashed upon Lapham; but he answered, "I shall want money a great deal worse than I"ve ever wanted it yet, before I go into such rascally business with you. Don"t you know that we might as well knock these parties down on the street, and take the money out of their pockets?"
"They have come on," answered Rogers, "from Portland to see you. I expected them some weeks ago, but they disappointed me. They arrived on the Circa.s.sian last night; they expected to have got in five days ago, but the pa.s.sage was very stormy."
"Where are they?" asked Lapham, with helpless irrelevance, and feeling himself somehow drifted from his moorings by Rogers"s shipping intelligence.
"They are at Young"s. I told them we would call upon them after dinner this evening; they dine late."
"Oh, you did, did you?" asked Lapham, trying to drop another anchor for a fresh clutch on his underlying principles. "Well, now, you go and tell them that I said I wouldn"t come."
"Their stay is limited," remarked Rogers. "I mentioned this evening because they were not certain they could remain over another night.
But if to-morrow would suit you better----"
"Tell "em I shan"t come at all," roared Lapham, as much in terror as defiance, for he felt his anchor dragging. "Tell "em I shan"t come at all! Do you understand that?"
"I don"t see why you should stickle as to the matter of going to them,"
said Rogers; "but if you think it will be better to have them approach you, I suppose I can bring them to you."
"No, you can"t! I shan"t let you! I shan"t see them! I shan"t have anything to do with them. NOW do you understand?"
"I inferred from our last interview," persisted Rogers, unmoved by all this violent demonstration of Lapham"s, "that you wished to meet these parties. You told me that you would give me time to produce them; and I have promised them that you would meet them; I have committed myself."